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Arcadia net loss narrows

Arcadia Resources Inc. (AMEX: KAD) reported its third-quarter net loss edged down to $3.70 million in the quarter ended Dec. 31, 2007, from $3.71 million in the same period in the previous year.

Third-quarter revenue rose 3.1% to $37.5 million from $36.4 million in the third quarter of the previous year. Gross margin was unchanged at 33.0%.

The company reported it no longer operates its retail clinics and sold some of its durable medical equipment business that had $1.4 million in losses in the third quarter.

Third-quarter revenue in the company's services segment, which includes home care and healthcare staffing services, rose 0.5% to $30.2 million from $30.0 million in the third quarter of the previous year.

Arcadia Resources Inc. (AMEX: KAD)For the third quarter ended Dec. 31, 2007, compared with the same period in the prior year. Revenue: $37.5 million, +3.1% Net loss: $3.70 million vs. net loss of $3.71 million

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